Coinbase’s stock, trading under the symbol COIN, has been described as significantly undervalued at its current price of $245, according to a recent analysis from Bank of America (BofA). Following a major downturn in the cryptocurrency market at the end of 2025, COIN experienced a dramatic drop of nearly 50%, reaching a low of $225 from a previous high of $444.
Despite this decline, BofA has identified a substantial buying opportunity, estimating a potential upside of about 40% with a price target set at $340. This evaluation comes as BofA issued its bullish rating, joining Bernstein analysts who also provided a positive outlook for COIN, predicting a whopping 72% upside with a target of $440.
BofA analyst Jason Kupferberg noted that the upgrade from a “neutral” to a “buy” rating was driven by Coinbase’s strategic move towards transforming into an ‘everything exchange’ through its recent product offerings. He remarked, “While the stock is off 40% from its July highs, under the surface of the 4Q25 crypto correction the company’s product velocity has increased, and its [Total Addressable Market] has expanded in parallel.”
Among the new products enhancing Coinbase’s portfolio are prediction markets and the ability to trade stocks and ETFs, which are poised to positively impact the stock’s performance. Kupferberg underscored the significance of initiatives like Base’s monetization and the launch of Coinbase Tokenize, viewing these as pivotal advances that could position the platform favorably in the emerging tokenization boom.
Kupferberg also suggested that the pro-crypto stance taken by the Donald Trump Administration could provide additional support for COIN’s resurgence. Nevertheless, he did express concerns that Binance US’s expansion, alongside the possibility of a more profound market correction, could pose risks to the optimistic forecast.
Currently, 20 Wall Street analysts have issued buy ratings for COIN, further corroborating its potential as a strong investment opportunity.
The anticipation surrounding the tokenization boom is gaining traction among analysts, who view it as a central theme for the crypto industry heading into 2026. Regulators, including the Securities and Exchange Commission (SEC), are pushing to move much of the U.S. capital markets on-chain, establishing a significant shift in how these markets may operate. By 2025, tokenized stocks and ETFs had already begun to demonstrate strong momentum, increasingly becoming a “strategic priority” for Coinbase and other notable exchanges.
Tokenized stocks and ETFs represent blockchain-based versions of traditional investments, aimed at providing global accessibility. Although the current market for these assets is valued at approximately $1 billion, analysts expect a substantial increase once a clear regulatory framework is implemented this year.
In summary, Bank of America forecasts that COIN could reach $340, driven by the company’s innovative product offerings and the favorable regulatory environment, marking it as an attractive opportunity in the evolving cryptocurrency landscape.
